--- title: "Elevance Health: Competitors" description: "Elevance Health compared with companies that share its SEC industry classification: revenue, growth and margins from SEC filings, and how peers are chosen." canonical: https://www.getswoopr.com/stocks/companies/elevance-health/competitors/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Elevance Health: Competitors & Industry Structure ## Direct Answer SEC EDGAR classifies Elevance Health under SIC code 6324 (Hospital & Medical Service Plans). Among Swoopr's S&P 500 Equal Weight companies, 6 others share that classification; by latest reported revenue, Elevance Health ranks 2 of 7. A filing classification is a starting point: a company's real competitors depend on its segments, which its 10-K describes. ## How Does Elevance Health Compare With Its Peers? | Company | Revenue (latest FY) | Revenue growth | Operating margin | Net margin | | --- | --- | --- | --- | --- | | [Cigna (CI)](https://www.getswoopr.com/stocks/companies/cigna/) | $275 billion FY2025 | 11.2% | 3.3% | 2.2% | | **Elevance Health (ELV)** | $199 billion FY2025 | 12.5% | 3.6% | 2.8% | | [Centene Corporation (CNC)](https://www.getswoopr.com/stocks/companies/centene-corporation/) | $195 billion FY2025 | 19.4% | -3.9% | -3.4% | | [Humana (HUM)](https://www.getswoopr.com/stocks/companies/humana/) | $130 billion FY2025 | 10.1% | 2.1% | 0.9% | | [Molina Healthcare Inc (MOH)](https://www.getswoopr.com/stocks/companies/molina-healthcare-inc/) | $45.4 billion FY2025 | 11.7% | 1.7% | 1.0% | | [Oscar Health Inc. (OSCR)](https://www.getswoopr.com/stocks/companies/oscar-health-inc/) | $11.7 billion FY2025 | 27.5% | -3.4% | -3.8% | | [Clover Health Investments Corp. (CLOV)](https://www.getswoopr.com/stocks/companies/clover-health-investments-corp/) | $1.9 billion FY2025 | 40.3% | -4.4% | -4.4% | Revenue growth compares each company's latest fiscal year with the one before. Fiscal years do not always end on the same date, so treat close comparisons with care. ![Bar chart of operating margin for Elevance Health and 6 peers: Cigna (CI) 3.3%, Elevance Health (ELV) 3.6%, Centene Corporation (CNC) -3.9%, Humana (HUM) 2.1%, Molina Healthcare Inc (MOH) 1.7%, Oscar Health Inc. (OSCR) -3.4%, Clover Health Investments Corp. (CLOV) -4.4%.](https://www.getswoopr.com/images/charts/elevance-health-competitors-peer-margins.webp) *Operating margin of Elevance Health against companies sharing its SEC industry classification, from the table above. Select the chart to open it full size.* ## How Does Elevance Health Rank Among All SEC Filers in Its Industry Code? 7 companies with annual reports in Swoopr's SEC dataset share SIC code 6324 (Hospital & Medical Service Plans), a wider group than the S&P 500 Equal Weight companies above. Ranks run from 1 (highest) and use each company's latest fiscal year, in U.S. dollars. | Measure | Elevance Health | Median of filers | Rank | | --- | --- | --- | --- | | Revenue | $199 billion | $130 billion | 2 of 7 | | Revenue growth | 12.5% | 12.5% | 4 of 7 | | Operating margin | 3.6% | 1.7% | 1 of 7 | | Net margin | 2.8% | 0.9% | 1 of 7 | A SIC code reflects the filer's main business as the SEC records it, so the group mixes companies of very different size; the median is a better guide than the average, and a rank near the top by revenue says nothing about quality. ## Where These Numbers Come From Every figure on this page is a value Elevance Health reported in its own SEC filings, read from the SEC's XBRL data (accession 0001156039-26-000013 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 7, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### Who are Elevance Health's competitors? Companies sharing Elevance Health's SEC classification (SIC code 6324 (Hospital & Medical Service Plans)) include Cigna (CI), Centene Corporation (CNC), Humana (HUM), Molina Healthcare Inc (MOH), Oscar Health Inc. (OSCR). Its 10-K names the competitors it considers most relevant. ### How does Elevance Health compare with its peers on margins? Elevance Health's fiscal 2025 operating margin was 3.6%, against a peer median of -0.8%. ### How are these peers chosen? By the SEC Standard Industrial Classification code each company files under, within Swoopr's S&P 500 Equal Weight company set, falling back to the two-digit major group when fewer than two companies share the exact code. Classification codes are broad, so read the peer list as a screen, not a verdict. ### How does Elevance Health rank among all companies in its SEC industry? Among 7 SEC filers under SIC code 6324, Elevance Health ranks 2 by latest revenue, and 1 of 7 by operating margin (3.6% against a median of 1.7%). ## References - [SEC EDGAR: Elevance Health, Inc. Form 10-K filed February 6, 2026](https://www.sec.gov/Archives/edgar/data/1156039/000115603926000013/elv-20251231.htm) - [SEC EDGAR: Elevance Health, Inc. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1156039&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Elevance Health company dossier](https://www.getswoopr.com/stocks/companies/elevance-health/) - [Elevance Health financial metrics](https://www.getswoopr.com/stocks/companies/elevance-health/metrics/) - [Elevance Health financial risk indicators](https://www.getswoopr.com/stocks/companies/elevance-health/risks/) - [Elevance Health peer comparison](https://www.getswoopr.com/stocks/companies/elevance-health/competitors/) - [Elevance Health business model and revenue mix](https://www.getswoopr.com/stocks/companies/elevance-health/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. We do not provide personalized financial advice. See our [editorial policy](https://www.getswoopr.com/legal/editorial-policy/) and [corrections policy](https://www.getswoopr.com/legal/corrections-policy/).